Polkadot (DOT) Price Prediction: Huge Move Incoming (Analyst)
The post Polkadot (DOT) Price Prediction: Huge Move Incoming (Analyst) appeared on BitcoinEthereumNews.com.
TL;DR Polkadot’s DOT has risen 12% this week, trading around $6.30, with industry participants predicting further growth and potential volatility, aiming for prices between $6.70 and $22. Analysts Rekt Fencer and Crypto Tony see a potential for DOT to reach new highs, forecasting up to $60 if it stays above key support levels and reclaims resistance zones. When Bull Run? Polkadot’s native cryptocurrency—DOT—is among the best-performing digital assets on a weekly scale, seeing its price rise by 12%. It currently trades at around $6.30 (CoinGecko’s data), with some analysts expecting a further uptrend in the near future. DOT Price, Source: CoinGecko EliZ – an X user with almost half a million followers – predicted huge volatility for the token in the following days and an eventual increase to approximately $6.70. Michael van de Poppe – another popular analyst – was much more bullish. He touched upon the matter last week, claiming that DOT seemed to be “breaking upwards from the crucial area of support.” The trader went further, forecasting a rally to as high as $22 should the price cross the $9.29 resistance level. It seems like $DOT is breaking upwards from the crucial area of support. If this is the rotation, then the next run is likely going to bring it towards $17-22. pic.twitter.com/onB5X7BjOh — Michaël van de Poppe (@CryptoMichNL) June 25, 2024 Additional Predictions The X users Rekt Fencer and Crypto Tony were among those speculating on DOT’s movement last month. The former assumed the asset has “entered the AI race,” forecasting a price explosion to a new all-time high of more than $60 by the end of this year. Crypto Tony outlined the $5.70 mark as a “key support level,” promising to hop on the bandwagon as an investor should DOT stay above that zone “for a few…
Filed under: News - @ July 1, 2024 11:26 am